Insider Selling: CLEAR Secure (NYSE:YOU) Insider Sells $636,812.00 in Stock

CLEAR Secure, Inc. (NYSE:YOU) insider Lynn Haaland sold 15,532 shares of CLEAR Secure stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $41.00, for a total value of $636,812.00. Following the completion of the transaction, the insider directly owned 15,533 shares of the company’s stock, valued at $636,853. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

CLEAR Secure Stock Down 2.2%

Shares of NYSE:YOU opened at $38.40 on Friday. The firm has a market cap of $5.11 billion, a P/E ratio of 23.41 and a beta of 1.22. CLEAR Secure, Inc. has a 12 month low of $21.67 and a 12 month high of $42.29. The company’s 50-day moving average price is $34.17 and its two-hundred day moving average price is $32.33.

CLEAR Secure (NYSE:YOU) last announced its earnings results on Thursday, November 6th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. CLEAR Secure had a net margin of 20.97% and a return on equity of 119.82%. The company had revenue of $229.19 million for the quarter, compared to analyst estimates of $224.80 million. During the same period in the prior year, the business earned $0.30 earnings per share. CLEAR Secure’s quarterly revenue was up 15.5% on a year-over-year basis. As a group, equities analysts predict that CLEAR Secure, Inc. will post 0.98 earnings per share for the current fiscal year.

CLEAR Secure Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Wednesday, December 10th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $0.50 annualized dividend and a yield of 1.3%. CLEAR Secure’s dividend payout ratio is currently 30.49%.

Hedge Funds Weigh In On CLEAR Secure

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Durable Capital Partners LP boosted its position in shares of CLEAR Secure by 153.1% during the second quarter. Durable Capital Partners LP now owns 7,490,351 shares of the company’s stock worth $207,932,000 after purchasing an additional 4,531,161 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in CLEAR Secure by 6,038.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,463,717 shares of the company’s stock worth $48,859,000 after buying an additional 1,439,873 shares during the period. Squarepoint Ops LLC lifted its holdings in CLEAR Secure by 4,573.0% during the second quarter. Squarepoint Ops LLC now owns 929,033 shares of the company’s stock worth $25,790,000 after acquiring an additional 909,152 shares in the last quarter. First Trust Advisors LP lifted its holdings in CLEAR Secure by 36.3% during the second quarter. First Trust Advisors LP now owns 3,027,758 shares of the company’s stock worth $84,051,000 after acquiring an additional 805,795 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of CLEAR Secure in the second quarter worth about $17,363,000. Institutional investors own 73.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on YOU shares. The Goldman Sachs Group lifted their target price on CLEAR Secure from $37.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. DA Davidson set a $46.00 price objective on CLEAR Secure and gave the stock a “buy” rating in a research report on Tuesday. Weiss Ratings reissued a “hold (c+)” rating on shares of CLEAR Secure in a report on Monday. Telsey Advisory Group restated an “outperform” rating and set a $45.00 target price on shares of CLEAR Secure in a research report on Wednesday. Finally, JPMorgan Chase & Co. upgraded shares of CLEAR Secure from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $35.00 to $42.00 in a research report on Friday, December 12th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, CLEAR Secure presently has an average rating of “Hold” and a consensus target price of $40.86.

About CLEAR Secure

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.